MUMBAI, March 29 (Reuters) - India's JM Financial
Services plans to raise funds through the sale of commercial
papers maturing in three months, two merchant bankers said on
Wednesday.
The financial services company will offer a yield of 8.15%
on the issue and has accepted bids worth 750 million Indian
rupees ($9.12 million) so far, the bankers said.
The notes are rated "A1+" by ICRA and CRISIL and have a
value date of April 6.
($1 = 82.2600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shounak Dasgupta)
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